Canadian Real Estate News Headlines (March 31st 2019)

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I provide you with Canada’s news headlines for real estate news for today.

Canadian dollar falls to three-week low on sliding oil and gold prices

Canada’s main stock index bounced higher Thursday but lower energy and gold prices drove the loonie to a three-week low.

The Canadian dollar traded for an average of 74.47 cents US after recovering from falling to its lowest point since early January. The loonie traded at an average of 74.55 cents US on Wednesday.

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Canada emerges from slump with best growth gain in eight months

Canada’s economy began 2019 with its largest output gain in eight months, an unexpected result that will ease worries the expansion has come to a halt.

Gross domestic product grew by 0.3 per cent in January, faster than the 0.1 per cent forecast in a Bloomberg survey of economists. The gains were broad-based outside of the energy sector, and included the biggest one-month increase in construction activity in more than five years. Manufacturing output also surged.

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For North America’s Most Affordable Homes, Move to Calgary

Calgary, with its 300-plus days of sunshine a year and a mecca for outdoor enthusiasts, is often underrated — it turns out it’s also the most affordable housing market in North America.

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